V2 Retail spurts on reporting 73% rise in Q3 net profit

28 Jan 2019

V2 Retail is currently trading at Rs. 277.55, up by 4.90 points or 1.80% from its previous closing of Rs. 272.65 on the BSE.

The scrip opened at Rs. 285.00 and has touched a high and low of Rs. 285.00 and Rs. 276.00 respectively. So far 7124 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 490.25 on 10-Apr-2018 and a 52 week low of Rs. 230.00 on 10-Dec-2018.

Last one week high and low of the scrip stood at Rs. 289.00 and Rs. 259.85 respectively. The current market cap of the company is Rs. 945.55 crore.

The promoters holding in the company stood at 51.14%, while Institutions and Non-Institutions held 13.71% and 35.15% respectively.

V2 Retail has reported 72.57% rise in its net profit at Rs 23.59 crore for the quarter ended December 31, 2018 as compared to Rs 13.67 crore for the same quarter in the previous year. Total income of the company increased by 58.79% at Rs 243.39 crore for Q3FY19 as compared Rs 153.28 crore for the corresponding quarter previous year.

V2 Retail is one of the fastest growing Retail Company in India. The company offers a portfolio of products, including apparel and non-apparel. The company sells readymade, apparels, household merchandise and other consumer goods like footwear, toys, games, cosmetics, home furnishing, decor product, sports items, crockery, novelties and gifts.

Related V2 Retail Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323